Bankruptcy Is Not The Only Way Out!!!
Your Future Is Our Concern, Too
f today’s tough times have you thinking about When you file bankruptcy it jeopardizes your ability to obtain
I bankruptcy as a solution, stop by the Credit Union before credit for a very long time. The bankruptcy filing remains on
you do anything you’ll regret. Talk to one of our loan officers your credit record for ten years! Bankruptcy has very serious
about your situation. We’ve helped other members in a tight ramifications for all of us. It is not a quick and easy fix. While
spot find a way out of their financial trouble without resorting to it may provide financial relief, you should consider other alterna-
bankruptcy; maybe we can help you too. tives to filing bankruptcy before making this tough decision.
1 Call Your Creditors- Don’t hide from your
situation. If you explain that you are considering bankruptcy,
they may lower your payment or rate to help you get through
the difficult time.
2 Write out a Budget- Understanding how you
are spending your money may help you get a handle on your
finances and avoid bankruptcy.
3 get a deBt Consolidation loan- If a credit
union or bank finds you creditworthy you could get a con-
solidation loan to pay off your credit cards as an alternative
to filing bankruptcy.
4 BorroW MoneY froM faMilY- You may have
family or friends who could loan you money to help pay off
high rate debts to avoid bankruptcy. Remember to treat
this type of loan just as you would any loan from a financial
institution and pay it back on time.
5 refinanCe a loan- If you’re able to get better
terms, it might be a good idea to refinance a car loan or
mortgage.
6 BorroW MoneY froM savings- Depend-
ing on your situation, it may be an option for you to borrow
against your 401(k) to pay off credit cards or loans that
have high interest rates.
So if you’re financial situation is bleak and you’re consid-
ering personal bankruptcy as a way out, see us first.
Real Estate Professional Services (REPS)
Program
Commission Reduction Home Sale Price
The REPS program is an exclusive pro-
gram offering professional and full service real .50% $0 – 149,000
estate services with reduced pre-negotiated com- .75% $150k – $199k
mission rates provided to the members of Family
1.00% $200k - $275k
Advantage Federal Credit Union. The Credit Union
saw the need to establish these full service benefits 1.25% $275k - $325k
in order to bring more value to its members and their 1.50% $325k and up
Spring Hill families.
931.486.3125 Just one More Way We Help our family
With the current real estate market, it has never
Contact
Columbia been more important to have professional assistance purchase price of your home. This reduced commis-
931.381.6580 to help you buy or sell a home. If you are planning sion goes a long way to offsetting the drop in real
to buy or sell, be smart. You will want to access the estate prices that are affecting our area presently. (See
Mobile Banking market like the pros do, to determine present median the commission chart).
800.201.3694 prices of neighborhood homes, prices per square foot,
length of time on the market in a given area and the There has never been a better time to consider buying
Home Banking
foreclosures in your area, because these factors will a home. Contact FAFCU and have one of the licensed
myfafcu.org
dramatically affect home prices. A REPS Professional buyer real estate representatives help you with your
Lost or Stolen VISA at FAFCU will be glad to assist you with these and purchase. There is no cost to the FAFCU members
ATM/Debit Card many other elements of the real estate process with for this service.
800.554.8969 no obligation to you.
Call FAFCU at 931-486-3125 or 931-381-6580—ask
Lost or Stolen VISA For Members wanting or needing to sell their home, for Frank (615-594-7190) or David (615-491-7291.
Credit Card the REPS program offers a reduced real estate com- Be sure to mention that you are a Family Advantage
800.289.5939 mission that has been pre-negotiated based on the Federal Credit Union member.
Wire Notice:
When requesting an outgoing wire transfer please
Spring Hill
with
DRIVING the DISCOUNT provide the full address of the recipient. This infor-
mation is necessary to maintain compliance.
Mon-Friday
Credit union members
Hours
9am - 5pm
Invest in America
drive away with
Saturday A Huge Success! Both our members’ bottom line and
two great deals.
8am-12pm our country’s economy have been boosted thanks to
A terrific discount
Invest in America’s discounts. More than 139,000
on most new GM cars have been sold through the Credit Union Mem-
Columbia Whatever vehicle
Mon-Friday you choose, drive and Chrysler vehicles. ber Discount From GM and Chrysler’s Credit Union
away happy knowing
9am - 5pm you just did your part Plus a low loan rate Member Cash program!
to Invest in America. from your credit union! Your opportunity for saving on your next car has
Credit unions are equal opportunity lenders. 051309 gotten even better! Chrysler and GM both have ad-
BE DRIVEN… Find out more at LOVEMYCREDITUNION.ORG. ditional promotions going on right now that you can
add to the above discounts.
And don’t forget, when you finance your new vehicle
Veterans Honorary Bulletin Board with Family Advantage Federal Credit Union you’ll
Family Advantage Federal Credit Union is honoring save even more with our low loan rates!
our military men and women on a special bulletin Talk to a member representative to learn more about
board inside the Credit Union. If you served or are Invest in America or to get approved for an auto loan.
currently serving our country in the military—please You can also go to www.lovemycreditunion.org for
bring a picture to post on the bulletin board. The more details on these great discount programs.
board will be displayed until September 2009.
Fee Notice:
Effective September 1, 2009, all International ACH
Transactions (IAT’s) will be assessed a $5.00 fee per
transaction. Revoke ACH fee--$29.00
Barter for What You Need
T turning to themore and more people are
hese days,
world’s oldest form of “cur-
rency” in order to save money---bartering. It’s fairly
simple: you trade something you have for some-
thing else you need. If you don’t have something
tangible to trade try trading your services with a
friend or business for something you need. Here are
some ideas: painting, pet sitting, computer services,
music lessons, house cleaning, sewing/alterations,
errand-running, child care, gardening. This is just a
some sampling of what services you can barter—the
sky’s the limit. Holiday Closing
Many of these ideas don’t require that you be an
expert in any particular field, only that you have Labor Day,
some spare time. Try performing one or more of September 7, 2009
these services for a friend or business in return for
something you need. One word of caution: The
IRS regards bartering as a form of income, so ask a
qualified tax preparer for details.
Members Make the Teach your Credit
Difference Card Balance to
Rollover
W hat’sunique financial institutioncredit union?
It’s a
so special about your
owned by its
members. Unlike other financial institutions, which
operate for profit, your credit union is a cooperative, I f you don’t already have a Family Advan-
tage Federal Credit Union Visa Card, now is
not-for-profit financial institution organized to pro- the perfect time to get one! With rates as low as
mote savings and provide credit to those who belong. 9.9% APR, you’ll want to “roll over” those high rate
Your membership means a lot at your credit union. cards or do your shopping with a Family Advantage
Federal Credit Union Visa card. Gary Winningham
Members elect our board of directors to plan the
Chairman
direction and set polices. The supervisory committee, You will not only save money with a lower inter-
in addition to our external auditor ensure that your as- est rate (bank cards average well over 18% APR)
Maxine Gilmore
sets are protected. Plus your deposits are insured up to you’ll be pleased with the 25-day grace period on Vice-Chair
$250,000 by the NCUA a federal agency. your purchases. Also no annual fee with our card.
Are you getting the idea that it’s the members who Why not apply today? And since you can use your Jim Brandau
make Family Advantage very special and unique. Not Family Advantage Visa Card to pay off other higher Board of Directors Secretary
to worry—you’ve got “Family”. We only serve our interest cards, you can refinance your way to lower
members. There are no outside stockholders to answer monthly credit card payments. Karen Woodall
to. All net earnings after Treasurer
expenses are paid out to our
Mary Hall
members in the form of interest
Board Member
and dividends on the savings
accounts and lower interest Karen Woodall
rates on loans. CEO
It’s true that your credit union
offers many of the same ser- Anita Thomas
vices as other institutions, but VP Operations
unlike them, we are in business
to serve our members. We exist Shelly Nichols
to provide you a safe, conve- VP Lending
nient place to save and borrow
Betty Clem
at reasonable rates.
VP Accounting
How can we serve YOU? Re-
member you’ve “Got Family”
Are You About To Retire?
C oncerned about your income
in retirement or losing a portion of
goals or in the market, you can
easily respond to these changes.
your pension to events outside your con- And your money is not tied to
trol? Need a 2nd opinion? Did you know one family of funds like it has
that if you receive a lump-sum distribu- been in the 401k.
tion from your 401(k) or pension plan you
might face a tax withholding of 20% on Third, a self-directed IRA gives
that distribution? Unless, of course you you a better tool to control your
do a direct rollover to another qualified retirement assets by bringing
plan, or to a self-directed IRA available transparency to your accounts
through Member Investment Services, in terms of fees, expenses and
LLc, located inside Family Advantage total costs, which you haven’t
Federal Credit Union. been able to see in your 401k
all this time.
First of all, a self-directed IRA truly puts
you in charge of your retirement as- So, if you are ready to take
sets. Depending on what your financial charge of your retirement as-
goals are, you make your own investment sets, we would love to help.
choices from a spectrum of alternatives. Just call us at 931-486-3125
Your choices include mutual funds, stocks, today for an appointment. Ask
bonds, annuities and more. for Frank or Lee.
Second, a self-directed IRA gives you the Securities offered through Next Finan-
cial Group, Inc. Member NASD/SIPC. amount invested.
flexibility to move your money among the These investments are not insured by the NCUSIF, Family Advantage Federal Credit Union and Mem-
various programs in your portfolio when or any government agency. They are not deposits bers Investments Services, LLC are not affiliated with
needed. So, if there is a change in your or obligations of Family Advantage Federal Credit Next Financial Group, Inc.
Union and include possible loss of the principal
Family Advantage Federal Credit Union
100 Stephen P. Yokich Pkwy, P.O. Box 39
Spring Hill, Tennessee 37174
Membership open to anyone living,
working, worshiping or attending
school in Williamson or Maury County.